VAT

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Tax | European Commission criticises UK help to buy scheme

The European Commission has issued a series of economic policy recommendations to individual member states to address distortions of the tax regimes in member states and provide guidance on how to boost growth, increase competitiveness and create jobs in 2014-15.

Tax | FTT ruling reversed on VAT rating for static caravans in Colaingrove

Caravan owners can take some relief from the latest ruling by the Upper Tribunal (UT) which has allowed part of an appeal by HMRC against a First Tier Tribunal (FTT) decision on how to decide the VAT rate applicable to sales of static caravans, saying the FTT was wrong to state that the ‘removable contents’ of a caravan should be zero-rated

Tax | Mercedes-Benz Financial Services wins £160m VAT appeal

The finance arm of luxury car maker, Mercedes-Benz, has won an appeal at the Upper Tribunal (UT) over whether a motor vehicle finance agreement, called ‘Agility’, was a supply of goods or services, which resulted in the timing of the payment of output tax of about £160m relating to approximately one year, writes Stan Dencher

Tax | VAT updates: May 2014

The latest news on VAT including cashback payments from manufacturers, the decision on compound interest in Littlewoods Retail Ltd & Ors v HM Revenue & Customs [2014] and comment on multiple versus composite supply in the building trade in FTT case Envoygate (Installations) Limited (TC03361) 
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